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Peloton Makes Biggest Purchase With $420 Million Precor Deal
Bloomberg
12/22/2020
Mark Gurman and Jason Kelly
© Bloomberg
Peloton Interactive Inc. stationary bicycles sit on display at the company s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. The stakes are high for Peloton as it heads into its first holiday season as a publicly traded company. Peloton projected sales of $410 million to $420 million for the quarter ending Dec. 31, up about 60% from the same quarter a year earlier.
(Bloomberg) Peloton Interactive Inc. agreed to buy fitness-equipment company Precor for $420 million to gain U.S. manufacturing capabilities and new expansion opportunities. ....

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